Auction.com / illegal practices
CALL FOR CLASS ACTION. CONTACT ME IF YOU HAVE HAD SIMILAR EXPERIENCE.
There are several fishy and unscrupulous aspects of this company, but the worst one is that the contract of adhesion that you are forced to sign to purchase the property is unfair and one-sided. Under the law it is called illusory, because it requires the buyer to perform, but the seller can simply choose NOT perform (ie., not sell the property you the bargained for property) any time it wants. I am not talking about the 15 day period after you sign the contract, during which they require a deposit and consider whether to accept your bid. (For me, during this time, they came back and asked me to raise my price or lose the deal, even though I had been high bidder). No, I am taking about after we both sign the agreement. I approved title, endured weeks of delays after the so-called closing date, signed all closing documents and funded all of my purchase price, and now they are saying perhaps they will not do the deal with me after all. The agreement I was forced to sign, and the agreement you all signed too, lets auction.com simply decide at any time that they can cancel the agreement and just give your deposit back. That is grossly unfair and not allowed by law.
It may not make sense for each of us to sue this big company on our own. But if we get enough people together with similar experiences, perhaps we can retain a class action attorney (their agreement says we waive that right, but the 9th Circuit has disallowed such waivers in the past).
Everyone who has similar complaint contact me ASAP.
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